442-444 16Th Ave Columbus, OH 43201
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 442-444 16Th Ave
- Year built
- 1900
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a fully occupied, two-unit apartment building located at 442-444 E 16th Avenue in Columbus, Ohio, within the vibrant Ohio State University campus area. The property boasts a total of seven bedrooms and three bathrooms, spread across two units. One unit, a three-bedroom, one-bathroom apartment at 442 E 16th Ave, is currently leased at $1,190 per month until June 30, 2025. The second unit, a five-bedroom, two-bathroom apartment at 444 E 16th Ave, commands a monthly rent of $2,650 until July 31, 2025. Both units feature desirable amenities including full basements, dishwashers, in-unit laundry, central air conditioning, and private front porches. The property also includes four off-street parking spaces. Built in 1900, this duplex sits on a 4,791.6 square foot lot and is priced at $450,000, or $165.75 per square foot. Note that one unit is currently rented below market value, presenting immediate potential for increased rental income. This property offers a strong cash flow opportunity with leases in place until Summer 2025. The property's location near Ohio State University ensures consistent tenant demand.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9961
- Latitude
- 40.0006
